1. The bank also said it will transfer customer trust accounts held at its overseas branches to local banks. 2. Councillor must also remember that, and other major companies have a overseas branches of their company. 3. As it was, the premium added to the cost of funding overseas branches. 4. Ashikaga also said it was closing its three overseas branches and would do all international business through Bank of Tokyo-Mitsubishi Ltd. 5. Foreign banks are also less willing to lend money to the overseas branches of Korean banks, cutting off another source of foreign exchange. 6. He also said that the ministry would strengthen its inspection and supervisory systems for overseas branches of Japanese banks to prevent other financial scandals. 7. In July, Nippon Credit Bank Ltd. announced it would shut all its overseas branches by this month as part of a restructuring plan. 8. In Japan, the Ministry of Finance has ordered Japanese banks with branches overseas to examine their in-house management of currency, securities and other market-connected operations. 9. It also asked banks to hire independent certified public accountants to audit overseas branches. 10. It has closed one domestic branch and seven overseas branches. |